App Allows Text Message Cash Transfers

can i borrow youre phone i need to send a text

Technologically, quite an advance, but what of phone theft, the route would quickly be open to high-tech hacking resulting in all sorts of untraceable financial robbery and scams.

..actually this type of transact-texting is old hat, certain global telecommunication networks use this technology abroad and have been useing such on the continent for over 5 years. It's also possible to send other mobile phone users credit to their mobile network if they are short of cash and need a helping top up. For a 'nominal' fee of course. Useful? Yes. New innovation? Not.

But the downside is you cannot have duplicate SIMS, and they expect the SIM to be registered (yet again, for a fee) to a specific mobile device. That means no other foreign SIM may be used with a registered device, or an unlocked 'alien' handset can be paired with a native SIM.

And even so, a foreign SIM/device is only paired to a provider ONCE REGISTERED for a short duration. Usually 28 days..

people have soon forgotten about the phone hacking scandle

No thank you - technology is a criminals charter, not to mention a means of every Tom, #$%$ or Harry finding out your personal information and details - I bet they even know when we fart!

how come this is so simple when just looking at my barclays bank account online is so complicated with the pinsentry, and moving cash about is ridiculously comlicated, why? to avoid all the crooks they say.

I think they need to improve phone security before this app.

A beanfeast for the crooks. there's an oldfashioned thing called money, and it worked for centuries without comic hardware

I'm not convinced with all this phone hacking going on that my money might end up elsewhere.

APP ALLOWS........text message cash transfers.......from your account to the nearest Albanian /Rumanian hacking gang.

next they will have an app that means poeple dont have to look at their phone every 15 seconds

the default setting for this : send all your money to the banks directors..

so you get someone to threaten you with a weapon for you number and what are you likely to do - that right they have your number and phone and you end up with nothing in your account, this is the most stupid thing i have ever read, come on guy lets target all the idiots using phone banking

The taliban were able to transfer money from my Barclays account to Pakistan without using this app

Safe? You must be joking? You don't tell the police any more if your debt card has been used fraudulently... you just notify the bank. If you treat it as safe as cash poking out your back pocket you'll know where you stand.

this is a precursor to the veri chip,rockefeller has always wanted to digitise money(if you doubt,it is easy to google thier oppinions on world domination)it makes it easier for them to transfer the debt to the public,once this is on all phones(and the corporate media will see to it),accounts may get emptied at a rate of hundreds a day,they will not accept responsibility for it,..they really do want to spy on everything you do,and the media will throw in the hype so people swallow the idea,using ..personalities and popular programmes!you have to tie your phone to the bank account...spying is what it used to be called,once this is popular people who speak out against politicians,banks etc,will find thier accounts dissapear...or worse!..the whole thing is to get you used to autonomy!...did you know that the non executive director of barclays is the same man who is the chief executive director of rockefeller?!...can you spot the connection?

Trouble is, the crooks are always one step in front .

The cheque's in the post. Far more secure. What could be simpler?

Support anything that avoids normal bank charges !

Just texted my bank,still have'nt transfered that 1 million I requested!